ETF Spotlight: SPDR Dow Jones REIT

Sep.24.09 | About: SPDR Dow (RWR)

ETF Spotlight on SPDR Dow Jones REIT (NYSEArca: RWR), part of a weekly series.

Assets: $1 billion

Objective: RWR seeks to track the Dow Jones U.S. Select REIT Index.

Holdings: RWR’s index is made up of companies whose charters are the equity ownership and operation of commercial real estate. Each REIT in the index is weighted by its float-adjusted market capitalization, according to State Street’s fact sheet on the fund. The top companies in the fund are Simon Property Group (NYSE: SPG) and Public Storage (NYSE: PSA).

What’s Good

  • This ETF delivers diverse exposure to the real estate investment trust (REIT) market, holding a mix of apartments (15.2%), health care (14%), regional malls (13%), office space (12.4%) and more.
  • This fund was down 41.5% in 2008, but since the market’s low on March 9, it has climbed more than 105%.
  • RWR’s expense ratio is 0.25%.

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